118 Barnet CtLafayetteLA70507
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lafayette at 118 Barnet Ct, Lafayette, LA, 70507 priced at $225,000 converts $1,588/mo rent into $101/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,588/mo, and annual cash flow totals $1,210/yr on $74,588 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 8.47% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 112.1% and total cumulative return in cash sums $83,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,588/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 2017
6,534 sqft lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70507, Lafayette, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,704 (100%) |
| Owner Occupied HU | 5,364 (61.6%) |
| Renter Occupied HU | 2,357 (27.1%) |
| Vacant Housing Units | 983 (11.3%) |
| Median Home Value | $222,659 |
| Average Home Value | $265,455 |
Housing Distribution
Address Breakdown
Residential
8,226
Single Family
7,213
Multi-Family
1,013
Businesses
481
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Listed by: Caitlin Pitre Hebert • Real Broker, LLC
Mls Name: RAA
Mls Provider:
Mls ID: #2020024571
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR Association of Acadiana MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2025-06-07 12:22:18 PDT